AT&T considers selling regional sports networks to slash debt

AT&T Inc. is weighing a sale of its regional sports networks as part of a plan to cut as much as $8 billion in debt by the end of the year, according to people familiar with the matter. The four regional networks, which includes rights to teams such as the hockey’s Pittsburgh Penguins, basketball’s Houston Rockets and baseball’s Seattle Mariners, could fetch close to $1 billion, according to the people, who asked not to be identified as the deliberations are private. Sinclair Broadcast Group Inc., which agreed in May to buy 21 Fox regional sports networks from Walt Disney Co. for $9.6 billion, could be among the potential buyers, the people said. John Malone’s Liberty Media Corp. and Ice Cube’s Big3 U.S. basketball league were among the other bidders for the Fox assets. AT&T hasn’t started a formal process to sell the networks, and there are no guarantees a deal will be announced, the people said. The four networks are AT&T SportsNet Pittsburgh, AT&T SportsNet Rocky Mountain (Utah, Nevada and Colorado), AT&T SportsNet Southwest (parts of Texas and Louisiana) and Root Sports Northwest (Alaska, Washington and Oregon). The four networks have rights to more than two dozen pro teams, college programs and NCAA conferences. A representative for AT&T declined to comment, while Sinclair didn’t respond to requests for comment. A sale of the regional sports networks—known as must-see content for avid fans—highlights AT&T’s ongoing struggle to fix a... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-07-02 19:54:11 UTC ]
News tagged with: #steady decline #top priority #york offices #make sense #high costs #justice department #bernie sanders #increased costs #—bloomberg news #time warner

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Veteran Editor Sells Debut for Rumored Seven Figures

In another major deal in the run-up to next month's Frankfurt Book Fair, an industry insider has sold his first novel, a work of psychological suspense called 'The Woman in the Window,' for a rumored seven figures. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-09-30 00:00:00 UTC ]
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MJ wins 'fastest-selling debut' thriller in nine-way auction

Michael Joseph has won a new debut thriller, The Chalk Man by C J Tudor, in a nine-way publisher auction. Continue reading at The Bookseller

[ The Bookseller | 2016-09-29 00:00:00 UTC ]
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What's Selling at Harleysville Books

Catching her breath after the summer vacation scramble, settling into a new and larger location, and gearing up for the fall book fair season, Stephanie Steinly, owner of Harleysville Books in Harleysville, Pa., shared word of books that are moving briskly in her store. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-09-27 00:00:00 UTC ]
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Joey Barton autobiography longlisted for William Hill sports book prize

An autobiography by "one of football's most controversial figures", Joey Barton, has been longlisted for the 2016 William Hill Sports Book of the Year Award. Continue reading at The Bookseller

[ The Bookseller | 2016-09-23 00:00:00 UTC ]
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The Big Titles U.S. Agencies Will be Selling at the Frankfurt Book Fair

Essay collections from Trevor Noah and Gay Talese, the debut novel from Mad Men creator Matthew Weiner, and a new adult thriller from Stephenie Meyer are among the big titles being shopped at Frankfurt. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-09-23 00:00:00 UTC ]
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Why Facebook embraced the ad network model

Facebook Audience Network is growing by rejecting many of the beliefs held sacred by the ad tech world: It doesn't rely on cookies, it doesn't run real-time bidding, and it doesn't serve desktop display ads. As fast growing as it is, FAN is taking ad control away from publishers and advertisers... Continue reading at Digiday

[ Digiday | 2016-09-15 00:00:00 UTC ]
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Industry players back The Booksellers Network

Shop-floor booksellers are being invited to join a new group called The Booksellers Network, which has been backed by significant players from across the industry. Continue reading at The Bookseller

[ The Bookseller | 2016-09-12 00:00:00 UTC ]
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Perseus Distribution to Use Ingram Network

Starting October 1, titles from PGW, Consortium, Perseus Distribution, and Legato to independent booksellers will be shipped through the Ingram distribution network. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-09-09 00:00:00 UTC ]
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A New Standard for Regional Bookseller Association Trade Shows

After nearly a decade of experimenting, regional bookseller association trade shows have found the right mix of authors, education, and exhibits. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-09-02 00:00:00 UTC ]
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Abbeville to Publish Book on Danger of the National Debt

In an unusual move, the illustrated book publisher is releasing a political book that argues that the growth of the national debt is a form of terrorism. Continue reading at Publishers Weekly

[ Publishers Weekly | 2016-08-30 00:00:00 UTC ]
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E-sports gaming book to Century

The first UK book on e-sports, “one of the world’s fastest-growing entertainment industries” will be published by Century in October. Continue reading at The Bookseller

[ The Bookseller | 2016-08-27 00:00:00 UTC ]
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How To Sell Nearly a Half-Million Copies of a Poetry Bookts Sweet Spot with ‘Milk and Honey’

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[ Publishers Weekly | 2016-08-26 00:00:00 UTC ]
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Memo to Magazine Media: Social Networks Are Not Altruistic

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[ Folio Magazine | 2016-08-24 00:00:00 UTC ]
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Cursed Child sells 2.6m through BookScan US

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[ The Bookseller | 2016-08-12 00:00:00 UTC ]
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Cursed Child playscript sells 680,000 in UK in three days

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[ The Bookseller | 2016-08-04 00:00:00 UTC ]
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iBooks Bestsellers: Potter Sells Like Lightning

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[ Publishers Weekly | 2016-08-03 00:00:00 UTC ]
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Time Inc. Shifts to Selling Ads by Category Instead of by Its Brands. Will It Make A Difference?

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[ Advertising Age | 2016-08-03 00:00:00 UTC ]
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The script for Harry Potter and the Cursed Child becomes the fastest-selling book in the UK this decade. Continue reading at BBC News

[ BBC News | 2016-08-03 00:00:00 UTC ]
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Google Expands AMP in Search Results as Retailers Join Push for Faster Mobile Web

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[ Advertising Age | 2016-08-02 00:00:00 UTC ]
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